2024 PE scene in Chicago? Best firms?

Based on the most helpful WSO content, here are some insights into the 2024 Private Equity (PE) scene in Chicago and the best firms to consider:

Top Chicago PE Firms:

1. Madison Dearborn Partners (MDP)
2. GTCR
3. Vista Equity Partners
4. BDT Capital Partners
5. Linden Capital Partners
6. Waud Capital Partners
7. Vistria Group
8. Wynnchurch Capital
9. RoundTable Healthcare Partners
10. Cressey & Company
11. Water Street Healthcare Partners
12. Pritzker Private Capital
13. Shore Capital Partners
14. Valor Equity Partners
15. Sterling Partners
16. Avathon Capital
17. Wind Point Partners
18. Flexpoint Ford

Key Considerations:

• Pay and Prestige: Firms like MDP, GTCR, and Vista Equity Partners are known for their strong compensation packages and high prestige.
• Internal Mobility: Larger firms such as MDP and GTCR often provide better internal mobility opportunities.
• Work-Life Balance: While PE generally involves long hours, some firms may offer a slightly better work-life balance. However, it's important to note that even firms with a reputation for better culture, like those in LA, still require significant commitment.
• Sector Focus: Some firms have specific industry focuses, such as healthcare (Linden, Water Street) or technology (Vista Equity).

Additional Insights:

• Location Preference: Chicago has a growing PE scene with strong middle-market firms. While NYC has more opportunities, Chicago offers a robust market with top-tier firms.
• Long-Term Fit: Given your ties to Chicago, focusing on firms with a strong local presence and good long-term prospects is wise.

Conclusion:

For a senior in college prepping for on-cycle recruiting, targeting firms like MDP, GTCR, and Vista Equity Partners in Chicago would be a strategic move. These firms offer a combination of prestige, pay, and potential for long-term career growth.

Sources: Why not Chicago over NYC?, Chicago PE firms (comprehensive list and tiers), Private Equity shops with the best work/life balance, Lifestyle PE Funds in NYC?, My Private Equity Recruiting Process